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Your comment is pretty much what I get from bankers all the time. There is much more to just bitcoin, actually even off-side chains built on top of bitcoin whic
by the_clarence 8y ago
Your comment is pretty much what I get from bankers all the time. There is much more to just bitcoin, actually even off-side chains built on top of bitcoin which provide more than just transactions of money.
- bb88 8y agoBut isn't that effectively just git without all the branching nonsense and stronger crypto? The original argument for bitcoin was that it's a great replacement of physical money.
- the_clarence 8y agoYeah, in the arguments for a lot of other cryptocurrencies are different: use the financial incentive to build something else.
- riskneutral 8y agoWhat are you even talking about? Does the stuff you are referring to have a market price? Like with Bitcoin, we can say that its market price is around $5,000 USD per BTC. Does this other stuff, which you say is so great, have a unit price at which it can be bought and sold? If yes, is that market anywhere as large as Bitcoin? If it doesn’t have a Traded price, then what is it?
- the_clarence 8y agoI’m not sure I understand your question. Other cryptocurrencies are building systems backed by financial incentives. These systems offer different properties: File storage, name resolution, smart contracts, etc. Every cryptocoin is trying a different tech. As I said there is a lot of bullshit in the field but if you dig, there are things that are interesting. These projects are flying under the radar and potentially have a future. I’m not selling you anything, just pointing out that a lot of people (on both side) are clueless and I think you proved my point.
- riskneutral 8y agoOk, I am still clueless. What does file storage have to do with currency or coinage?